Broad Run Investment Management LLC lowered its stake in Mistras Group Inc (NYSE:MG) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,568,115 shares of the technology company’s stock after selling 6,784 shares during the period. Mistras Group makes up approximately 1.2% of Broad Run Investment Management LLC’s holdings, making the stock its 19th largest holding. Broad Run Investment Management LLC owned about 5.54% of Mistras Group worth $36,804,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Mistras Group by 5.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,168,161 shares of the technology company’s stock worth $23,949,000 after buying an additional 57,126 shares during the period. Wedge Capital Management L L P NC increased its holdings in shares of Mistras Group by 3.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 903,041 shares of the technology company’s stock worth $21,194,000 after buying an additional 31,053 shares during the period. Rockefeller Financial Services Inc. increased its holdings in shares of Mistras Group by 6.8% in the fourth quarter. Rockefeller Financial Services Inc. now owns 861,468 shares of the technology company’s stock worth $20,219,000 after buying an additional 54,502 shares during the period. Engine Capital Management LLC increased its holdings in shares of Mistras Group by 22.6% in the third quarter. Engine Capital Management LLC now owns 381,008 shares of the technology company’s stock worth $7,811,000 after buying an additional 70,218 shares during the period. Finally, State Street Corp increased its holdings in shares of Mistras Group by 8.7% in the second quarter. State Street Corp now owns 336,177 shares of the technology company’s stock worth $7,391,000 after buying an additional 26,796 shares during the period. Hedge funds and other institutional investors own 62.68% of the company’s stock.
Shares of Mistras Group Inc (NYSE:MG) opened at $20.09 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.21 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $566.38, a PE ratio of 143.51 and a beta of 1.21. Mistras Group Inc has a 12 month low of $17.00 and a 12 month high of $23.83.
Several research firms have recently commented on MG. Zacks Investment Research upgraded Mistras Group from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, January 9th. Stephens set a $24.00 price objective on Mistras Group and gave the stock a “hold” rating in a report on Thursday, January 18th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $22.00 price objective on shares of Mistras Group in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Mistras Group currently has an average rating of “Hold” and an average price target of $28.86.
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About Mistras Group
Mistras Group, Inc offers asset protection solutions and is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company’s segments are Services segment, which provides asset protection solutions in North America with concentration on the United States along with a Canadian services business, consisting of non-destructive testing, and inspection and engineering services that are used to evaluate structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to markets in Europe, the Middle East, Africa, Asia and South America, and Products and Systems segment, which designs, manufactures, sells, installs and services asset protection products and systems, including equipment and instrumentation.
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